Fertilizers and Chemicals Travancore Limited has informed the Exchange about General Updates
FACT · price
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Awaiting price reaction for this filing.
The NCLT Kochi Bench has approved the Resolution Plan for FACT-RCF Building Products Limited, a joint venture between FACT and Rashtriya Chemicals and Fertilizers (RCF), under the Insolvency and Bankruptcy Code. The order was issued on 26 September 2025 and received by FACT on 30 September 2025. The resolution plan was filed in the ongoing corporate insolvency proceedings against the joint venture company. FACT is currently reviewing the approved order to determine its next course of action. The financial impact on FACT will depend on the terms of the approved resolution plan, which have not yet been disclosed.
The NCLT's approval brings closure to the insolvency process of FACT's joint venture, which could mean recovery of dues or exit from the stressed asset. Investors should watch for further disclosures on the financial implications of the approved plan, as this may impact FACT's earnings and balance sheet.